Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    91 W Airview Way, Unit 14 Shelton, WA 98584
    Back to Search
    Property profile & analytics

    91 W Airview Way, Unit 14 Shelton, WA 98584

    View on Map
    • Warehouses
    • 17,250 SF
    • 118.82 lot acres
    For Sale
    $231,200
    View Listing →
    KSHN Sanderson Field T-Hangar For Sale
    $231,200
    1,806 SF

    KSHN Sanderson Field T-Hangar

    Premium T-hangar at Sanderson Field Airport, completion Fall 2024.

    91 W Air View Way Unit 12, Shelton, WA 98584
    View Listing
    Property ID
    US90-2312900
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 91 W Airview Way

    Year built
    1995
    Lot size
    118.82 lot acres
    Property size
    17,250 SF
    Property type
    Warehouses
    APN
    42012-00-60000
    APU
    420120060000

    Description

    This exceptional 1,534 square foot T-hangar at the KSHN Sanderson Field Airport in Shelton, Washington, is scheduled for completion in Fall 2024. Unit 14 boasts a generous interior measuring 45 feet 4 inches wide by 39 feet deep and 18 feet high, providing ample space for aircraft storage and maintenance. The hangar is equipped with a high-quality Schweiss bifold door for easy access, ensuring convenient aircraft maneuvering. Comfort and efficiency are prioritized with R-21 insulation, energy-efficient LED lighting, and a luxurious natural gas hydronic floor heating system. Modern conveniences are built-in, including pre-installed high-speed internet wiring. This meticulously designed unit is part of a development offering three hangar sizes (1360, 1534, and 1806 square feet), each tailored to meet diverse aircraft storage needs. This is a rare opportunity to secure a premium, newly constructed hangar in a desirable location. The property is situated at 91 W Air View Way, Unit 14, Shelton, WA, and is priced at $281,520. Don't miss this chance to own a state-of-the-art hangar at KSHN Sanderson Field Airport. Contact us today to learn more about this outstanding investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shelton
    County
    Mason
    State
    Washington
    Longitude
    -123.138
    Latitude
    47.2368
    CBSA code
    43220
    CBSA name
    SHELTON, WA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $5,333,535
    $2,352,920
    $7,686,455
    -
    $5,333,535
    $2,352,920
    $7,686,455

    Comparable in this City

    • Value Estimation by Request
      865 SF

      83 Airview Way

      STORAGE YARD (JUNK, SALVAGE) • 865 SF
      83 Airview Way, Shelton, WA 98584-1283
      View Details
    • Value Estimation by Request
      200 SF

      Shelton, WA 98584

      MINI-WAREHOUSE, STORAGE • 200 SF
      Shelton, WA 98584
      View Details
    • Value Estimation by Request
      909 SF

      21 Sanderson Way, Unit 4

      STORAGE YARD (JUNK, SALVAGE) • 909 SF
      21 Sanderson Way, Shelton, WA 98584-1279
      View Details
    • Value Estimation
      $795,000
      6,800 SF

      680 Johns Pr Rd

      WAREHOUSE, STORAGE • 6,800 SF
      680 Johns Pr Rd, Shelton, WA 98584-1263
      View Details
    • Value Estimation
      $560,000
      4,000 SF

      1560 Johns Pr Rd

      MINI-WAREHOUSE, STORAGE • 4,000 SF
      1560 Johns Pr Rd, Shelton, WA 98584
      View Details
    • Value Estimation
      $1,185,000
      17,580 SF

      200 Clearwater Rdg

      WAREHOUSE, STORAGE • 17,580 SF
      200 Clearwater Rdg, Shelton, WA 98584-7677
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Commercial Building on Large Lot

      9,160 SF commercial building on 1.6 acres for sale.
      21 E Adonai Ct, Shelton, WA 98584
      View Details
    • Contact for pricing

      Versatile Commercial Property Near Highway 101

      2.96-acre commercial property with cold storage and processing capabilities.
      200 SE Clearwater Rdg, Shelton, WA 98584
      View Details
    • $999,990

      Versatile Commercial Building on Large Lot

      9,160 SQFT commercial building on 1.6 Acres ready for business.
      21 Adonai Ct, Shelton, WA 98584
      View Details
    • Contact for pricing

      Versatile Commercial Building on Large Lot

      9,160 SF commercial building on 1.6 acres ready for business.
      21 Adonai Ct, Shelton, WA 98584
      View Details
    • $949,950
      6,925 SF

      Gas Station C-Store For Sale

      Gas station and convenience store with multiple income streams.
      17490 Shelton-Matlock Rd, Matlock, WA 98584
      View Details
    • Contact for pricing

      Harstine Island Building Parcel

      1.19 acre building parcel on Harstine Island.
      1 E Sunset Hill Rd, Shelton, WA 98584
      View Details

    Similar Nearby for Lease

    • $186 SF/Yr
      300 SF

      Shelton Storage/Garage Space Available

      Secure storage or garage space near town, not for residential.
      1806 Hay St, Shelton, WA 98584
      View Details
    • $535 /Mo
      500 SF

      Office Space on Highway 101

      Office space with prime highway exposure and ample parking.
      22090 Us Highway 101 N, Shelton, WA 98584
      View Details
    • $299 SF/Yr
      552 SF

      Functional Office Space Available

      500 sq ft office unit perfect for small businesses.
      117 8Th St, Shelton, WA 98584
      View Details
    • $535 /Mo
      500 SF

      Highway 101 Office Space

      Office space with prime highway exposure and ample parking.
      22090 Us Highway 101, Shelton, WA 98584
      View Details
    • $695 /Mo
      552 SF

      Professional Office Space For Rent

      500 sq ft office space perfect for small businesses.
      117 N 8Th St, Shelton, WA 98584
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    91 W Airview Way, Unit 14
    Shelton, WA 98584
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    91 W Airview Way, Shelton, WA, 98584
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!